Dankworth

Buyers are holding off to see if the market will cool even further, while sellers are hesitant to let go of their homes for less than the prices they saw a few months ago, Dankworth said.

Dankworth worked with one recent buyer who secured a Craftsman home in West Seattle for $185,000 under its list price.

Meanwhile, luxury sellers who have been reluctant to drop their prices are finally ready to go for a huge reduction or accept a low offer, according to Dankworth.

Keller Williams agent Nicole Dankworth described the trend as “a stalemate market.”

Dankworth suspects luxury buyers hit by downturns in the stock market are “not making any big moves right now.”